<p>Hi,
I checked my eligibility for a loan through Sallie Mae today. I was shown the interest rate being offered to me, as well as the fees involved. I didn't complete the application (yet).
I want to know if I can check my eligibility for a private loan through another lender, just to compare the rates and fees. I know this will show as an inquiry on my credit report so i don't want to do too many, but is it OK to compare at least 2 since lenders won't tell you their rates until after you apply?
Thanks for any help in advance!!</p>
<p>I took a loan out through Sallie Mae last year and regreted it. The fees to me were unacceptable. </p>
<p>Took around for fee-less loans- Wachovia, Education Finance Partners, etc..</p>
<p>thanks karateboy, they are charging 3% in fees, which is kind of equivalent to a 1% hike up in the interest rate. ?@#$#%#!! That's crazy. Thanks for they reply.</p>